The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe's economic pain from the coronavirus.The European Commission unveiled a planned deployment of 750 billion euros on Wednesday as part of its new long-term budget and recovery plan to help fight the impact of the coronavirus on the continent's economy.Global stocks are mixed after Trump promised 'interesting' action against China, while Europe digets its new stimulus package.
In Asia, the Hang Seng was down 0.4%, the Shanghai Composite was down 0.3% and the Nikkei was up 0.7%. In Europe, the Dax is up 1.9%, the FTSE 100 is up 1.4% and the Euro Stoxx 50 is up 2%. In the US, futures underlying the S&P 500 rose 1%, the Dow 30 rose 1.4% and the Nasdaq 100 rose 0.4%. Shares in American Airlines, Delta Air Lines, Southwest Airlines, and United Airlines jumped last week on coronavirus vaccine hopes, then soared more than 12% on Tuesday after a raft of positive news.
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package »
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